Swiss Life Asset Managers is launching what it hopes will be a €1bn European industrials and logistics fund.
The new fund will target assets in the UK, Germany, France, Benelux and Switzerland.
The company said the vehicle should provide “above-average returns with below-average earnings volatility”, adding: “The Covid-19 crisis in particular shows that the right choice of property types is a decisive criterion for success in real estate investments. In addition to residential properties, industrial and logistics properties in particular are proving to be extremely robust.”
Swiss Life Asset Managers had real estate assets under management of about €89.8bn at the end of 2019.
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